Rent is called, the product of capital, labor or a combination of capital and labor. Can be distinguished for tax purposes the gross income, which is total income received without any deduction, as for example when a tax levied on income from work or from capital in the form of interest. Sometimes the income is taxed when it is free after deduction of revenue expenditure required ara obtaining income, allowing the deduction of certain expenses subject to the tax. (more…)
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